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Bangkok Post
Bangkok Post
Business

Telenor Asia anticipates $2.5bn gain via synergy

“Thailand is a tech-savvy market and one of the most valuable for Telenor. We’ll continue our investment in the region,” says Jørgen C Arentz Rostrup, executive vice-president and head of Telenor Asia

Telenor Asia expects gains worth up to US$2.5 billion from synergy over the next three years from the mergers of True Corporation and Total Access Communication (DTAC) in Thailand and Celcom and Digi in Malaysia.

Telenor Asia celebrated the telecom merger with a $20.7 billion enterprise valuation in Thailand, Jørgen C Arentz Rostrup, executive vice-president and head of Telenor Asia, told the Bangkok Post. He is also vice-chairman of True Corporation, the name of the newly merged firm.

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